Cleveland Foundry

Analysis

Cleveland Foundry is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cleveland Foundry reported income of $1.1m and spending of $2.1m, spending 189% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $419k to $1.1m (+171%), an average of +39% a year. The sharpest change came in the year to June 2021, when income rose by 184%. Over the whole period it spent 215% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Cleveland Foundry sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Aaron Judge All Rise Foundation ($1.1m), A and a Educational Services Inc ($1.1m) and Blackstone Valley Boys & Girls Club Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 28% of the total. Other salaries and wages came to $463k. At year end it held assets of $2.3m against liabilities of $6.5m, net assets of -$4.2m. It reported 12 employees.